Bathhouse Turned Studio and Event Space Trades in East Village
Cushman & Wakefield has arranged the sale of 538 E. 11th St., a 14,000-square-foot multilevel studio and event space known as Bathhouse Studios in the East Village. The final closing price was $16.25 million, or $1,160 per square foot.
Cushman & Wakefield’s Michael DeCheser, Andrew Berry, Mei Ling Wong and Bryan Hurley led the marketing efforts on behalf of seller Alyssa Adams. 538 East Eleventh LLC purchased the property.
“Bathhouse Studios is a one-of-a-kind multilevel space with a rich history,” said DeCheser. “The property is the only first-class freestanding building in the neighborhood featuring an expansive studio, event space, fully renovated residence and landscaped roof deck.”
Built between 1904-1905 and designed in the Neo-Italian Renaissance style, the former public bathhouse was converted into a high-end studio in 1995 by Pulitzer Prize-winning photographer Eddie Adams. The event space has hosted Lamborghini, Vogue, Gucci, Nike, Lacoste, Ketel One Vodka and Ford.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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